Singapore Economy Contracts in 2nd Quarter

TODAY: July 14, 2014 PUB DATE: July 14, 2014

SINGAPORE--Singapore's economic growth unexpectedly contracted in the second quarter as the country's manufacturing sector dragged overall output. Gross domestic product for the three months to June 30 fell 0.8% on a seasonally adjusted and annualized basis compared with the previous ...

Oil Futures Choppy as Markets Weigh Geopolitical Risks

TODAY: July 14, 2014 PUB DATE: July 14, 2014

By Eric Yep Crude-oil futures swung between gains and losses in Asian trading hours Monday after declining for three consecutive weeks, while analysts warned that geopolitical risks to oil supply shouldn't be completely overlooked. On the New York Mercantile Exchange, ...

Whiting Petroleum to Buy Kodiak Oil & Gas

TODAY: July 14, 2014 PUB DATE: July 14, 2014

Whiting Petroleum Corp. announced on Sunday that it will buy Kodiak Oil & Gas Corp. in a deal worth $3.8 billion, plus the assumption of $2.2 billion in debt, creating a new top producer in the Bakken Shale and Three ...

CURRENCIES: Dollar Slightly Up Against Yen Ahead Of Yellen

TODAY: July 14, 2014 PUB DATE: July 14, 2014

By Hiroyuki Kachi The dollar was a tad higher against the yen on Monday in Asia, with investors sitting on the sidelines ahead of key events such as Federal Reserve chief Janet Yellen's congressional testimony on monetary policy and the ...

China to Seek Larger Role in Brazil's Infrastructure

TODAY: July 14, 2014 PUB DATE: July 14, 2014

When China's President Xi Jinping travels through Brazil this week, he will see airports and other projects financed mainly by the Brazilian government. But, with Brazil's economy slowing and government accounts strained, China is looking to play a larger role ...

India June Inflation -- Table of Data

TODAY: July 14, 2014 PUB DATE: July 14, 2014

The following is the composition of India's wholesale price index for June: Sector Weight Rise Rise Rise On Year On Month This FY Manufactured Products 64.97% 3.61% 0.19% 0.45% Primary Articles 20.12% 6.84% 1.26% 4.39% (Food, Nonfood, Minerals) Fuel, Power, ...

Singapore Economy Unexpectedly Contracts in Second Quarter

TODAY: July 14, 2014 PUB DATE: July 14, 2014

By Jake Maxwell Watts SINGAPORE--Singapore's economic growth unexpectedly contracted in the second quarter as the country's manufacturing sector dragged overall output. Gross domestic product for the three months to June 30 fell 0.8% on a seasonally adjusted and annualized basis ...

Dollar Tad Higher Against Yen Ahead of Yellen Testimony

TODAY: July 14, 2014 PUB DATE: July 14, 2014

By Hiroyuki Kachi The dollar was a tad higher against the yen on Monday in Asia, with investors sitting on the sidelines ahead of key events such as Federal Reserve chief Janet Yellen's congressional testimony on monetary policy and the ...

China Accelerates Spending in June

TODAY: July 14, 2014 PUB DATE: July 14, 2014

BEIJING--China continued to step up its spending in June to help stabilize economic growth, official data showed Monday. Fiscal spending in June surged 26.1 % from a year earlier to 1.652 trillion yuan ($266 billion), according to a finance ministry ...

Food Prices Vex Fed Policy Makers

TODAY: July 14, 2014 PUB DATE: July 13, 2014

U.S. food prices are on the rise, raising a sensitive question: When the cost of a hamburger patty soars, does it count as inflation? It does to everyone who eats, especially poorer Americans, for whom food costs are a large ...

Gold Rises as Investors Watch Fed

TODAY: July 14, 2014 PUB DATE: July 13, 2014

By Ira Iosebashvili Gold prices are rising as investors bet that the U.S. Federal Reserve will keep rates at rock-bottom levels, even as the U.S. economy shows signs of improvement. Gold for July delivery rose 1.3% last week to $1,337 ...

Henkel Considers Further Acquisitions -- Report

TODAY: July 14, 2014 PUB DATE: July 13, 2014

Household-consumer-products maker Henkel AG & Co. (HEN.XE) plans further acquisitions, Chief Executive Kasper Rorsted says in the preview of an interview to be published in Sueddeutsche Zeitung on Monday. "We can spend between four billion euros and five billion euros ...

Standard s Downgrades Puerto Rico

TODAY: July 14, 2014 PUB DATE: July 12, 2014

By Josh Beckerman Standard & Poor's Ratings Services on Friday lowered its general obligation rating for Puerto Rico one notch to BB--two notches into junk status--from BB+. The ratings firm said, although it views the recent enactment of a fiscal ...

Fed's Lockhart Still Sees Fed Rate Increase Some Time in 2015

TODAY: July 14, 2014 PUB DATE: July 12, 2014

By Michael S. Derby JACKSON HOLE, Wyo.--Federal Reserve Bank of Atlanta President Dennis Lockhart said Friday he still believes the most likely timing for the central bank to raise interest rates lies well into next year. "I'm sticking to the ...

E.ON Sees No Need for Write-Off in Power Plants -- Report

TODAY: July 14, 2014 PUB DATE: July 12, 2014

Germany's largest energy group E.ON SE(EOAN.XE) sees no need for further write-offs in its power-plant park, Chief Financial Officer Klaus Schaefer says in Boersen-Zeitung Saturday. "Since our latest check, there haven't been any dramatic changes in the electricity price," Mr. ...

Standard s Downgrades Puerto Rico -- Update

TODAY: July 14, 2014 PUB DATE: July 12, 2014

By Josh Beckerman Standard & Poor's Ratings Services has lowered its general obligation rating for Puerto Rico one notch, to BB--two notches into junk status--from BB+, one of several reactions by rating firms to new legislation that allows the overhaul ...

Canadian Dollar Plunges on Disappointing Jobs Report

TODAY: July 14, 2014 PUB DATE: July 12, 2014

By Nirmala Menon and James Ramage The Canadian dollar tumbled Friday after disappointing numbers for jobs and unemployment suggest the country's central bank would leave interest rates unchanged at its policy meeting next week. The greenback gained 0.8% versus the ...

Lawmakers Move to Replenish Highway Trust Fund-- Update

TODAY: July 14, 2014 PUB DATE: July 11, 2014

By Siobhan Hughes WASHINGTON--House and Senate lawmakers Thursday advanced measures to replenish the federal fund that finances road, bridge and mass-transit projects before it runs out of money next month. The HouseWays and Means Committee, in a voice vote, approved ...

Central Bank Says Australian Dollar Overvalued - Report

TODAY: July 14, 2014 PUB DATE: July 11, 2014

By Jason Douglas Investors may be underestimating the risk of a "material decline" in the Australian dollar, the governor of Australia's central bank was quoted as saying Friday. "It continues to be my view that on most standard metrics that ...